Meaning of the word "concerned party" in English

What does "concerned party" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

concerned party

US /kənˈsɜːrnd ˈpɑːrti/
UK /kənˈsɜːnd ˈpɑːti/

Noun

an individual or group that has a direct interest or involvement in a particular matter, decision, or situation

Example:
All concerned parties were invited to the meeting to discuss the new policy.
The decision will affect many concerned parties, including employees and shareholders.